Oppenheimer Issues Pessimistic Forecast for Agilysys (NASDAQ:AGYS) Stock Price

Agilysys (NASDAQ:AGYS) had its price target reduced by research analysts at Oppenheimer from $150.00 to $135.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the software maker’s stock. Oppenheimer’s price target suggests a potential upside of 41.11% from the stock’s current price.

Several other equities analysts also recently issued reports on the stock. Needham & Company LLC decreased their price objective on shares of Agilysys from $145.00 to $125.00 and set a “buy” rating on the stock in a report on Wednesday. BTIG Research lifted their price objective on Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Northland Securities increased their price objective on Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Finally, StockNews.com cut shares of Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $138.00.

Agilysys Stock Down 5.0 %

Shares of NASDAQ AGYS opened at $95.67 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.07 and a current ratio of 1.13. The stock has a 50 day moving average price of $131.35 and a 200 day moving average price of $116.79. The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of 119.59 and a beta of 0.94. Agilysys has a 52-week low of $74.03 and a 52-week high of $142.64.

Agilysys (NASDAQ:AGYS) last announced its earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.04. The company had revenue of $69.60 million for the quarter, compared to analyst estimates of $73,149.20 billion. Agilysys had a return on equity of 9.44% and a net margin of 8.45%. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.35 EPS. Sell-side analysts expect that Agilysys will post 0.81 earnings per share for the current year.

Insider Activity

In related news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $125.49, for a total value of $941,175.00. Following the completion of the sale, the director now owns 248,076 shares in the company, valued at approximately $31,131,057.24. The trade was a 2.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Chris J. Robertson sold 264 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $100.86, for a total value of $26,627.04. Following the completion of the sale, the insider now directly owns 22,624 shares of the company’s stock, valued at approximately $2,281,856.64. This represents a 1.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 70,122 shares of company stock valued at $9,002,291 over the last quarter. Company insiders own 19.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Advisors Asset Management Inc. raised its position in shares of Agilysys by 117.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock worth $37,000 after buying an additional 182 shares in the last quarter. Harbor Investment Advisory LLC increased its stake in shares of Agilysys by 109.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock valued at $49,000 after acquiring an additional 193 shares during the period. GAMMA Investing LLC raised its holdings in Agilysys by 66.7% during the third quarter. GAMMA Investing LLC now owns 415 shares of the software maker’s stock worth $45,000 after purchasing an additional 166 shares in the last quarter. NBC Securities Inc. acquired a new stake in Agilysys in the third quarter worth approximately $46,000. Finally, Exchange Traded Concepts LLC boosted its stake in Agilysys by 76.2% during the 3rd quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock valued at $52,000 after purchasing an additional 205 shares in the last quarter. 88.00% of the stock is owned by institutional investors and hedge funds.

Agilysys Company Profile

Agilysys, Inc operates as a developer and marketer of software-enabled solutions and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers software solutions fully integrated with third party hardware and operating systems; cloud applications, support, and maintenance; subscription and maintenance; and professional services.